Sun Art Retail : CHANGE OF COMPOSITION OF THE COMMITTEES

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SUN ART RETAIL GROUP LIMITED

高鑫零售有限公司

(Incorporated in Hong Kong with limited liability)

(Stock code: 06808)

CHANGE OF COMPOSITION OF THE COMMITTEES

The board of directors (the "Board") of Sun Art Retail Group Limited hereby announces that the following changes in composition of the committee with effect from 27 September 2019:

1. Mr. Edgard, Michel, Marie Bonte ceased to be a member of the audit committee of the Company; and
2. Ms. Blondé ép. Bouvier has been appointed as a member of the audit committee of the Company.

By order of the Board

Sun Art Retail Group Limited

Mr. HUANG Ming-Tuan

Chief Executive Officer

Hong Kong, 27 September 2019

As at the date of this announcement, the Directors are:

Non-executive Directors:

ZHANG Yong (Chairman)

Benoit, Claude, Francois, Marie, Joseph LECLERCQ

Xavier, Marie, Alain DELOM de MEZERAC

Edgard, Michel, Marie BONTE

CHEN Jun

Isabelle Claudine, Françoise BLONDÉ ép. BOUVIER

Independent Non-executive Directors:

Karen Yifen CHANG

Desmond MURRAY

HE Yi